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SALT LAKE CITY (AP) -- The state Public Service Commission has approved an agreement allowing Utah Power to increase rates by 51 (M)million dollars a year.
The increase, which takes effect Tuesday, will cost the average residential customer about two bucks a month.
The utility earlier had asked the P-S-C for permission to raise rates by 111 (M)million, costing the average residential consumer an extra four-seventy-five a month.
Utah Power lowered its request after recommendations to either decrease rates or increase them only slightly.
The utility has agreed not to ask for another rate increase before March 1, 2006.
Their last rate hike was in April, after the P-S-C approved a 65 (M)million dollar increase.
(Copyright 2005 by The Associated Press. All Rights Reserved.)